Cognizant (CTSH)

• Market cap: $38.9B
• 1 day: 0.82%
• 5 days: 2.50%
• 1 month: -0.70%
• 3 months: 2.06%
• 6 months: 4.38%
• Year to date: 2.67%
• 1 year: 1.53%
• 5 years: 25.94%
• 10 years: 41.91%
• Sector: Information Technology
• Industry: Computer Programming Services

About: Cognizant is a global IT services provider, offering consulting and outsourcing services to some of the world's largest enterprises spanning the financial services, media and communications, healthcare, natural resources, and consumer products industries. Cognizant employs nearly 300,000 people globally, roughly 70% of whom are in India, although the company's headquarters are in Teaneck, New Jersey.

Employees: 340,100

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

90% more first-time investments, than exits

New positions opened: 116 | Existing positions closed: 61

8% more capital invested

Capital invested by funds: $33.6B [Q2] → $36.4B (+$2.83B) [Q3]

5% more funds holding

Funds holding: 886 [Q2] → 932 (+46) [Q3]

4.12% less ownership

Funds ownership: 99.43% [Q2] → 95.31% (-4.12%) [Q3]

9% less funds holding in top 10

Funds holding in top 10: 11 [Q2] → 10 (-1) [Q3]

19% less repeat investments, than reductions

Existing positions increased: 301 | Existing positions reduced: 372

30% less call options, than puts

Call options by funds: $354M | Put options by funds: $504M

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $76 3% downside
• Avg. target: $83 6% upside
• High target: $95 21% upside

5 analyst ratings

• positive: 1 20%
• neutral: 4 80%
• negative: 0 0%

Barclays Ramsey El-Assal 63% 1-year accuracy 32 / 51 met price target	21% upside $95	Overweight Upgraded	17 Dec 2024
Mizuho Dan Dolev 75% 1-year accuracy 33 / 44 met price target	7% upside $84	Neutral Maintained	1 Nov 2024
TD Cowen Bryan Bergin 89% 1-year accuracy 25 / 28 met price target	3% downside $76	Hold Maintained	31 Oct 2024
Baird David Koning 76% 1-year accuracy 25 / 33 met price target	2% upside $80	Neutral Maintained	31 Oct 2024
Deutsche Bank Bryan Keane 80% 1-year accuracy 4 / 5 met price target	2% upside $80	Hold Maintained	22 Oct 2024